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FDIC-Insured - Backed by the full faith and credit of the U.S. Government
 
Lending / SBA

Government Guaranteed Loans

If you have been having challenges with traditional lenders and are looking for a new lender that is reliable, credible and offers government guaranteed loans, then CalPrivate Bank may be the solution for you.

 

When you need financing for a startup or are in the position to grow your business, you need to know that you can get access to the funds you need to keep moving forward. In some instances, government guaranteed loans are precisely what you need to make the difference.

GOVERNMENT GUARANTEED LOAN SOLUTIONS

At CalPrivate Bank, we offer guaranteed government loans that are designed to provide small business financing for people who may face challenges with traditional lenders. Two of our most popular guaranteed loan solutions are the SBA 7 (a) and SBA 504 loans.

 

SBA 7 (a) Loans

The U.S. Small Business Administration (SBA) 7 (a) loan program is its most popular financing program, and it is used by CalPrivate Bank to help businesses get ahead. This loan is designed to provide working capital to small businesses to support small business growth and is guaranteed by the SBA.

 

SBA 504 Loans 

CalPrivate Bank also offers SBA 504 loans, which are designed to secure financing to purchase fixed assets for your business. These loans are typically spread between three separate parties; the business owner contributes 10%, the lender contributes 50%, and a certified development company or CDC puts up the final 40%. CDC’s are non-profit corporations that are set up to support local economic growth.

BENEFITS OF GOVERNMENT GUARANTEED LOANS

Getting a government guaranteed loan in Newport Beach and the surrounding areas, can help you get started in a new business or expand your current one sooner and with greater financial flexibility. Some of the benefits of government guaranteed loans include:

 

  • Access to financing that you may not be able to get elsewhere
  • Lower interest rates than other loan types
  • Access to capital when you need it
  • Flexible repayment terms
  • Lower down payments than other kinds of loans
  • Being able to use the money for multiple business activities
  • Access to a variety of SBA resources

WHAT CAN GOVERNMENT GUARANTEED LOANS BE USED FOR?

Depending on the type of government guaranteed loan you get, it may be applied in a variety of different ways. Some of the most common uses include:

 

  • Startup costs
  • Equipment purchases
  • Real estate purchases
  • Increasing available capital
  • Refinancing debt
  • Furniture and fixture purchases
  • Professional fees
  • Closing costs

WHY WORK WITH CALPRIVATE BANK?

At CalPrivate Bank, we are committed to your success, and it shows with every financing solution we offer. We are always willing to devote time to finding the best solution for your unique needs, and if government guaranteed loans are the answer, then that is what we will recommend.

 

Our goal is to build trust with every Client and create long-term relationships that are mutually beneficial. We offer a Distinctly Different™ banking experience with exceptional customer service you won’t soon forget.

 

If you think a government guaranteed loan is right for your situation and you’d like to learn more, get in touch with CalPrivate Bank today, and we can go over all the possibilities.